DJ & S&P 500 20/07/2010

DJ & S&P 500 hit the triangle breakdown targets and pulled back. Today they broke out of the down channels.

DJ


S&P 500

S&P 500 - 20/07/2010 - update

This is the S&P 500 daily chart. After the death cross, the market rallied strongly towards the 50ma and pulled back. This 50ma and 200ma will continue to act as resistance. S&P and DJ has turned bearish creating lower lows and lower highs.

SSE - 20/07/2010 - update

SSE breakout off the down channel today.

BUND 20/07/2010

Bund trading in channels. It gives support and resistance.

STI 20/07/2010 - update

STI Intraday.

STI broke the diamond formation downside today. About 20-25 points from here, could give 2925.

STI 20/07/2010 - update

STI Intraday.

STI forming a Diamond top. This is a rare pattern. Break out is near but which way will it breakout remains to be seen.
Whichever side it breaks out we should see atleast a 20-25 point move.
Also the broadening formation still providing resistance as mentioned yesterday.

SMSCI - 19/07/2010

SMSCI breaking down.

STI 19/07/2010 - update

STI Intraday.

Broadening formation. Now at resistance. If break 2957 might see 2970-2980. It should hold 2930 to avoid downside.

DJ & S&P 500 16/07/2010

DJ & S&P.
First channel breakdown. Now triangle breakdown.

SSE - 16/07/2010

Long time since the previous post. SSE in the down channel.